Northwest & Ethical Investments L.P. Grows Stock Position in UFP Industries, Inc. (NASDAQ:UFPI)

Northwest & Ethical Investments L.P. raised its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 21.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,875 shares of the construction company’s stock after buying an additional 500 shares during the period. Northwest & Ethical Investments L.P.’s holdings in UFP Industries were worth $323,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its position in UFP Industries by 1,683.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company’s stock valued at $60,000 after acquiring an additional 505 shares during the last quarter. Jones Financial Companies Lllp grew its position in UFP Industries by 357.8% in the 4th quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company’s stock valued at $60,000 after acquiring an additional 415 shares during the last quarter. Principal Securities Inc. grew its position in UFP Industries by 39.8% in the 4th quarter. Principal Securities Inc. now owns 615 shares of the construction company’s stock valued at $69,000 after acquiring an additional 175 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in UFP Industries in the 4th quarter valued at $106,000. Finally, Millburn Ridgefield Corp bought a new position in UFP Industries in the 3rd quarter valued at $140,000. Institutional investors own 81.81% of the company’s stock.

UFP Industries Price Performance

Shares of UFPI stock opened at $107.50 on Friday. UFP Industries, Inc. has a 1-year low of $102.35 and a 1-year high of $141.33. The stock’s 50-day moving average is $112.19 and its 200 day moving average is $121.23. The company has a market cap of $6.54 billion, a P/E ratio of 15.88 and a beta of 1.52. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.88 and a quick ratio of 3.25.

UFP Industries (NASDAQ:UFPI) last issued its quarterly earnings data on Monday, February 17th. The construction company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.04). UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.43 billion. Research analysts predict that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.

UFP Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from UFP Industries’s previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a yield of 1.30%. UFP Industries’s dividend payout ratio (DPR) is 20.68%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on UFPI shares. Benchmark reissued a “buy” rating and set a $135.00 price target on shares of UFP Industries in a research report on Wednesday, February 19th. StockNews.com downgraded UFP Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, UFP Industries presently has a consensus rating of “Moderate Buy” and an average target price of $143.00.

About UFP Industries

UFP Industries, Inc, through its subsidiaries, designs, manufactures, and markets wood and non-wood composites, and other materials in North America, Europe, Asia, and Australia. It operates through Retail, Packaging, and Construction segments. The Retail segment offers treated lumber products, including decking, fencing, lattice, and other products; pressure-treated and fire-retardant products used primarily for outdoor decking environments; and lawn and garden products, consisting of wood and vinyl fencing options, garden beds and planters, pergolas, picnic tables, and other landscaping products.